Blumenthal’s minimum net worth skyrocketed by nearly $25 million last year when compared to his wealth in 2010.
The former Connecticut state attorney general saw his fortune increase partially because several of his assets went up in value. A JPMorgan checking account, jointly owned by Blumenthal and his wife, went from being worth at least $50,000 in 2010 to $1 million last year. Further, several properties in care of Malkin Holdings — including many commercial office buildings in New York City — went up in value in 2011, and are newly estimated to be worth at least $1 million each.
Likely because of new STOCK Act requirements, the Connecticut senator reported one liability for 2011: a JPMorgan Chase mortgage on a personal residence for at least $500,000.
- Kevin Bogardus